When I wrote my post about how much money do you need to retire, I focused on the number that you will need at the time of retirement, and how to get to that number by starting off on your investment today.
I see that a lot of people reach that page looking for information on how much they need today, not necessarily thinking about the future.
At some level it makes sense because that is really the starting point in your calculation. You see where you stand today, how much you need today, and then make certain calls about how your retirement lifestyle will be, and extrapolate your needs for then.
Personally, I think that this question is best answered by each individual himself, but that doesn’t mean there aren’t general guidelines and pointers that help frame the answer.
With these thoughts, I start off on my new poll: How much money do you need per month to retire in India today?
a) Less than Rs.20,000
b) 20,000 – 50,000
c) 50,000 – 1,00,000
d) More than 1,00,000
All of you have different assumptions, life-styles, needs etc. and that might give a lot of variation to the answers, but we won’t know if we don’t poll!
Please leave your comments about your thoughts on this question, and vote using the poll options on the left sidebar just above the “Recent Posts”.Readers getting this in email will have to click through the link and reach the website first.
Hoping to see some great comments like last time.